
Introduction to allocations and the fundamentals of grading stores within a retail chain
Create minimums and maximums on core items to ensure in-stock-in-full.
Calculate an optimal size curve for product types and create pre-packs for retail allocations.
Understand the impact of the allocations process on the retailer.
Allocate an item to stores using cover analysis and other tools covered in this course.
Allocations are critical workflows that ensure the right stock is sent to the right place at the right time.
In this module, assistance is given in understanding allocations and the subsequent effect on retailers.
Key Learning Outcomes:
The Allocations role within retailers explained
Grading
Grading example
The effect of grading on buying – optimums
Size curves
Calculating the optimal size curve
Creating pre-packs
Pre-packs vs solids allocations
Minimums and maximums
Fashion styles vs core styles
Allocations relationship with warehouse and systems
Cover analysis
Allocating a style
Case Study - Inter branch transfers
Assessments and Quizzes
The Merchant Academy was founded to support aspiring merchants and small business owners in their individual pursuits of success within the retail industry. Through decades of experience from our merchants and proven training methodologies, we partner with users to digitize; systemize and optimize key learnings within the industry. Our mission is to serve as a value-driven knowledge center and lead the way in the training and development of our fellow colleagues, so that they may unlock their potential.
The Merchant Academy will be releasing more courses during the journey of your pursuits in retail. We look forward to supporting you throughout the next phase of your professional career.